Singapore Interest Rates

After Fed’s rate cut, where are Singapore interest rates and home loans headed?

Home owners hoping for some relief from their monthly mortgage repayments may be in for some disappointment, even if a benchmark local interest rate, which many home loans are pegged to, has edged down following a recent rate cut by the US Federal Reserve. This as some banks have begun trimming their home loan interest rates as early as April in anticipation of the Fed’s move, market watchers told...

Manage the impact of interest rates

After nearly a decade of lingering at low levels, interest rates have been on the rise for the past year, and economists had forecast continuing increases. Over the past several weeks, however, rates have belied those expectations and flattened or even declined. Since interest rates have a large impact on almost everyone’s pocketbook, it is timely to look at how to manage the impact of those rate...

Lock in loans at current rates, advises DBS chief Gupta

Interest rates in the US and in turn, Singapore, are likely to pick up over the next one to two years, said DBS CEO Piyush Gupta. This means now could be a particularly good time for borrowers to lock in loans at current interest rates. Borrowers can look at switching from floating to fixed rate loans, added Mr Gupta. But that is a hard appeal to make to Asian investors, who prefer not to fix...

Interest rates seen moving up as soon as Sept

If you are looking to take a loan to buy some real estate or a new car, you may want to do it sooner rather than later. That's because some analysts expect interest rates to start rising as soon as September. Singapore's interest rates are closely tied to those in the United States. And the Federal Reserve has made it clear that if the US economy continues its upward trend, quantitative easing...

Home loans may creep up next year: analysts

Interest rates in Singapore may rise - from their lowest levels in 40 years - as early as March next year, according to analysts. They say home loan refinancing is surging, but bank profitability and the rising cost of funds offshore may force the banks' hand. Banks could be forced to raise their home loan interest rates as early as six months from now. Low rates have hurt their profitability and they...

Interest rate plunge brings property cheer and fears

Local interest rates plunged to all-time lows following the appreciation of the Singapore dollar against the US unit. This gave home buyers reason to cheer. The key three-month Sibor or interbank rate fell 0.7 per cent to a record low of 0.49667 per cent as more money flow is expected here in anticipation of currency gains. This is after an unexpectedly hawkish monetary policy statement from the Monetary...

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